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Finance

Japan, US enabling wider bitcoin use

Accounting rules, futures market likely to reduce risk in cryptocurrencies

Customers at Japan's Bic Camera can pay with bitcoin, the virtual currency.

TOKYO -- Businesses may find it easier to use virtual currencies like bitcoin as bodies in Japan and the U.S. establish accounting ground rules and prepare a futures market to help guard against the digital coins' notorious volatility.

Bitcoin prices in turn continue to rise on expectations that this new trading infrastructure will draw companies and institutional investors to deal more in such coins.

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